FRONTKN (Not Rated)

• Yesterday, FRONTKN rose 3.0 sen (+1.60%) to end at RM1.90.
• Chart-wise, the share has been on a steady uptrend since the beginning of this year, which sees it currently trading above its 50 and 100-day SMAs.
• With its momentum indicators remaining comfortably in the neutral region, we believe that the share may continue trending upwards.
• From here, expect the share to trend higher to test resistances at RM1.98 (R1) and RM2.15 (R2).
• Conversely, support levels can be found at RM1.70 (S1) and RM1.45 (S2).

GDB (Not Rated)

• GDB gained 3.0 sen (+6.38%) to close at RM0.500 yesterday.
• Chart-wise, we note that the share has been on a rally since Nov’19. Coupled with a bullish MACD crossover and robust trading volumes, we believe that the bullish momentum may persist.
• Look out for resistance levels at RM0.545 (R1), where a break above would see the share head higher towards RM0.580 (R2).
• On the other hand, downside supports can be identified at RM0.400 (S1) and RM0.370 (S2)

Source: Kenanga Research - 20 Nov 2019